Tembec

Tembec's forest products segment fell into the red during its fiscal third quarter with a C$20 million (US$20.7 million) operating loss after posting a C$2 million (US$2.1 million) operating profit during the same period a year ago.The segment's sales fell 10% to C$113 million (US$116.7 million).
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Tembec's forest product division reported a further fall into the red during its fiscal first quarter ended Dec. 25, 2010, with an operating loss of C$11 million (US$10.8 million) compared with the C$8 million (US$7.9 million) operating loss the company posted a year earlier.
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Earnings reports for second quarter of this year showed robust gains in sales and profits at North America's lumber producers, typically because of the runup in OSB prices and the brief rise in U.S. housing starts.
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